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The WikiFX Score of this broker is reduced because of too many complaints!

Oqtima

Seychelles|1-2 years|
Straight Through Processing(STP)|MT4 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://oqtima.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
OqtimaGlobal-Demo MT4
Server Location United Kingdom

Contact

+44 2045867126
support@oqtima.com
https://oqtima.com/
IMAD COMPLEX, Office 7, UNIT 204, 2nd Floor, Ile Du Port, Seychelles
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2045867126

Broker Information

More

Company Name

CDE Global Markets Ltd

Company Abbreviation

Oqtima

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-05-18
  • The Seychelles FSA regulation with license number: SD109 is an offshore regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

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Oqtima · Company Summary

Aspect Information
Registered Country/Area United Kingdom
Company Name Oqtima
Regulation CySEC (EU) and Seychelles FSA
Minimum Deposit ECN+ Account: $5,000; ONE Account: $100
Maximum Leverage ECN+: 1:100; ONE: 1:100
Spreads Starting from 0.0 pips
Trading Platforms MT4 (MetaTrader 4) and cTrader
Tradable Assets Forex, CFDs on stocks, indices, commodities, cryptocurrencies
Account Types ECN+ (Experienced traders), ONE (Beginners)
Demo Account Available
Customer Support Live Chat, Email Support, Phone Support, Online Ticket System, FAQ Section
Payment Methods Bank Transfer, Credit/Debit Cards, E-wallets (Neteller, Skrill, WebMoney), Cryptocurrency (Bitcoin, Ethereum)
Educational Tools Beginner-friendly tutorials, articles, e-books, video tutorials, webinars, glossary, market commentary, demo accounts, trading contests, seminars, educational portal

Overview of Oqtima

Oqtima, a trading platform based in the United Kingdom, is a regulated broker under the oversight of two reputable regulatory bodies: the Cyprus Securities and Exchange Commission (CySEC) in the European Union and the Seychelles Financial Services Authority (FSA). This dual regulation underscores the broker's commitment to compliance and safeguarding client interests.

Oqtima caters to a diverse range of traders by offering two main account types: the ECN+ account designed for experienced traders and the ONE account tailored for beginners. The ECN+ account requires a minimum deposit of $5,000, offering tighter spreads and higher leverage with a commission of $3.50 per side. On the other hand, the ONE account, with a minimum deposit of $100, is commission-free but has slightly wider spreads. Both accounts provide maximum leverage of 1:100.

Traders on Oqtima's platform can enjoy competitive spreads starting from 0.0 pips, providing favorable conditions for executing trades. The broker supports a variety of trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies, allowing clients to diversify their portfolios according to their preferences and risk tolerance.

Oqtima offers the widely recognized trading platforms MetaTrader 4 (MT4) and cTrader, providing flexibility for traders of varying experience levels. The broker prioritizes client education with a comprehensive suite of resources, including beginner-friendly tutorials, articles, e-books, video tutorials, webinars, a glossary, market commentary, and a dedicated educational portal. A demo account is available for traders to practice strategies in a risk-free environment.

Clients benefit from multiple channels of customer support, including live chat, email support, phone support, an online ticket system, and an extensive FAQ section. The broker supports various payment methods, including bank transfers, credit/debit cards, e-wallets (Neteller, Skrill, WebMoney), and cryptocurrency (Bitcoin, Ethereum) for convenient and secure transactions.

In summary, Oqtima positions itself as a regulated and client-focused broker, providing a range of account types, competitive trading conditions, diverse trading instruments, and robust educational resources to cater to the needs of traders across experience levels.

basic-info

Is Oqtima legit or a scam?

Oqtima operates under the oversight of two regulatory bodies, ensuring compliance and safeguarding client interests:

1. Cyprus Securities and Exchange Commission (CySEC):

Oqtima is regulated in the European Union by CySEC, a highly respected and stringent regulatory body known for its robust investor protection framework. CySEC holds Oqtima accountable for adhering to strict financial regulations, including capital adequacy requirements, segregation of client funds, and fair business practices. This regulation offers European clients peace of mind knowing their investments are protected by a reputable authority.

2. Seychelles Financial Services Authority (FSA):

Oqtima also holds a license from the Seychelles FSA, extending its reach beyond the European market. While the Seychelles regulatory environment is less stringent than CySEC, it still provides a framework for safeguarding client assets and promoting market integrity. This dual regulation allows Oqtima to cater to a wider international audience while adhering to established regulatory standards.

Combined Assurance:

By operating under the supervision of both CySEC and the Seychelles FSA, Oqtima demonstrates its commitment to transparency and client protection. This dual regulation provides a robust framework for ensuring responsible financial conduct, fostering trust among international investors.

Additional Considerations:

It's important to note that regulations and investor protection standards can vary greatly between jurisdictions. While Oqtima's dual regulation offers a strong foundation for client safety, investors should always conduct their own due diligence before making any investment decisions.

Overall, Oqtima's adherence to both CySEC and Seychelles FSA regulations signifies its commitment to responsible financial practices and client protection. This dual approach underscores its dedication to building trust and confidence among investors globally.

CYSEC-Regulation
fsa-regulation

Pros and Cons

Pros Cons
  • Dual regulation by CySEC and Seychelles FSA
  • Limited account types
  • Diverse range of market instruments
  • Higher minimum deposit for ECN+ account
  • Two popular trading platforms: MT4 and cTrader
  • Commission charged for ECN+ trades
  • Comprehensive educational resources
  • Spreads can be wider than some competitors
  • Dedicated customer support
  • Deposit and withdrawal fees may apply

Oqtima offers a well-rounded trading experience with dual regulation, a variety of instruments and platforms, and extensive educational resources. However, the minimum deposit for the ECN+ account may be high for some traders, and commissions apply to all trades. Spreads are also wider than some competitors, and deposit and withdrawal fees may apply. Overall, Oqtima is a good choice for traders who value regulation, education, and a diverse range of trading products, but may not be the best option for those on a tight budget or who prefer lower commissions and spreads.

Market Intruments

Oqtima caters to various investment goals and risk profiles through its diverse range of market instruments. Here's a glimpse into the key offerings:

1. Crypto:

  • Trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin with access to a growing market with high potential returns and inherent volatility.

  • Leverage competitive spreads and utilize appropriate risk management strategies.

2. Metals:

  • Speculate on the price movements of precious metals like Gold and Silver, or industrial metals like Copper and Aluminum.

  • Hedge against inflation and diversify your portfolio with these valuable assets.

Market-Intruments

3. ETFs:

  • Invest in a basket of underlying assets through a single instrument, like stock indices or commodities, benefiting from diversification and professional management.

  • Achieve lower risk compared to individual stocks.

4. Indices:

  • Trade indexes based on the performance of major markets, like the S&P 500 or FTSE 100, gaining broad market exposure with a single instrument.

  • This strategy suits risk-averse investors seeking exposure to diverse sectors.

5. Shares:

  • Buy and sell shares of individual companies listed on various stock exchanges worldwide, investing in their growth potential and participating in their future success.

  • This approach requires careful research and analysis to make informed investment decisions.

6. Forex:

  • Trade major currency pairs like EUR/USD and GBP/USD, capitalizing on currency exchange rate movements.

  • Access a highly liquid market with potential for short-term profits, demanding careful risk management due to inherent volatility.

7. Energies:

  • Speculate on the price movements of essential resources like Crude Oil and Natural Gas, or renewable energy sources like Solar and Wind.

  • Benefit from potential price swings in this sector, but be aware of geopolitical influences and supply chain disruptions.

This comprehensive selection empowers clients to build customized portfolios and explore various investment opportunities across different asset classes. Oqtima caters to both conservative and aggressive investors, allowing them to tailor their strategies to their individual risk tolerance and financial goals.

markets-instruments

Account Types

Oqtima Account Types

Account Type Minimum Deposit Leverage Spreads Other Features
ECN+ $5,000 Up to 1:100 From 0.0 pips Commission of $3.50 per side
ONE $100 Up to 1:100 From 0.0 pips No commission

Oqtima offers two account types to meet the needs of different traders. The ECN+ account is ideal for experienced traders who want tight spreads and high leverage. The ONE account is a good choice for beginners, as it offers low minimum deposits, no commission, and competitive spreads.

The ECN+ account is the more advanced account type that offers tighter spreads and higher leverage. It also has a commission of $3.50 per side, which can offset some of the savings from the tighter spreads.

The ONE account is the most basic account type and offers the lowest minimum deposit. It also has no commission, which can save traders money on their trades. However, the spreads for the ONE account are slightly wider than for the other account type.

Overall, Oqtima offers a good selection of account types to meet the needs of different traders. The ECN+ account is ideal for experienced traders, while the ONE account is a good choice for beginners.

The table summarizes the key features of the two account types. The ECN+ account offers tighter spreads and higher leverage, but it also has a commission. The ONE account offers lower minimum deposits and no commission, but the spreads are slightly wider.

account-types

How to open an account?

  1. Visit Oqtima's website and click the “Open Account” button.

This button is prominently displayed on the homepage and other key pages of the website.

  1. Complete the online application form.

The application process requires basic personal information, contact details, and financial background information. Be sure to provide accurate and complete information to avoid any delays in account verification.

  1. Verify your identity and address.

Oqtima requires all clients to undergo a KYC (Know Your Customer) verification process. This typically involves uploading a copy of your government-issued ID and proof of address.

  1. Choose your preferred account type.

Oqtima offers a variety of account types, each with different features and benefits. Choose the account that best suits your trading needs and experience level.

  1. Fund your account.

Oqtima offers a selection of convenient deposit methods, including bank transfers, e-wallets, and credit/debit cards. Choose your preferred method and deposit the minimum required amount to activate your account.

  1. Download and install the Oqtima trading platform.

Oqtima provides access to popular trading platforms like MetaTrader 4 and MetaTrader 5. Download and install the platform of your choice on your computer or mobile device.

  1. Log in to your account and start trading!

Once your account is verified and funded, you can log in to the platform and start trading your preferred instruments.

Additional tips:

  • Before submitting your application, make sure you have reviewed and agree to Oqtima's terms and conditions.

  • Familiarize yourself with the platform features and functionalities before placing your first trade.

  • Start with small trade sizes to manage your risk and get comfortable with the platform.

  • Always keep your account details confidential and secure.

  • Do not hesitate to contact Oqtima's customer support team if you have any questions or need assistance.

Opening an account with Oqtima is a straightforward process that can be completed in just a few minutes. By following these steps, you can be on your way to trading with a trusted and reliable broker.

open-account

Leverage

Oqtima offers different maximum leverage levels depending on the chosen account type, catering to individual risk tolerances and trading styles. Here's a breakdown:

Account Type Maximum Leverage
ECN+ Up to 1:100
ONE Up to 1:100
  • ECN+: This account caters to experienced traders who prefer high leverage to amplify potential returns. The maximum leverage of 1:100 allows traders to control a larger position size with less capital, but also magnifies both profits and losses.

  • ONE: This account targets beginners or risk-averse traders who prioritize risk management. The maximum leverage of 1:100 offers a balance between potential returns and risk exposure, allowing for controlled trading and minimizing potential losses.

Spreads & Commissions (Trading Fees)

Spreads and commissions vary depending on trading accounts.Here's a table comparing the spreads and commissions offered on Oqtima's ECN+ and ONE accounts:

Feature ECN+ ONE
Spreads From 0.0 pips From 0.0 pips
Commissions $3.50 per side No commission
Example: EUR/USD spread of 0.1 pips with a commission of $3.50 per side EUR/USD spread of 0.2 pips with no commission
  • Spreads: Both account types offer competitive spreads starting from 0.0 pips. This means the difference between the buy and sell price of an instrument can be minimal, allowing for closer execution prices and potentially higher profits.

  • Commissions: The ECN+ account charges a commission of $3.50 per side for each trade. This commission fee is offset by the tighter spreads offered on this account type.

  • Comparison: While the ECN+ account offers tighter spreads, the commission fee can be significant for smaller trade sizes. The ONE account, with its lower spreads and no commission, can be more suitable for beginners or traders who prefer to avoid commission fees.

Additional Considerations:

  • Spreads and commission rates may vary depending on the chosen instrument and current market conditions.

  • Oqtima provides a transparent fee schedule on their website, allowing traders to compare costs and choose the most appropriate account for their trading style.

By offering diverse spread and commission structures, Oqtima caters to different trading preferences and allows traders to optimize their trading costs based on their individual needs and strategies.

Non-Trading Fees

While spreads and commissions are the most prominent fees associated with trading, Oqtima charges several other fees that traders should be aware of:

  1. Overnight Interest Fees (Swap Fees):

  • Oqtima charges overnight interest fees (swaps) for holding positions overnight.

  • Swap rates vary depending on the instrument and current market conditions.

  • These fees can be positive or negative, depending on the position direction and the prevailing interest rate differential.

  • Oqtima provides a swap calculator on their website for traders to calculate potential swap fees.

  1. Deposit and Withdrawal Fees:

  • Oqtima may charge fees for deposit and withdrawal transactions depending on the chosen method.

  • Bank transfers typically incur lower or no fees compared to e-wallets or credit/debit cards.

  • Always check the fee schedule before making a deposit or withdrawal.

  1. Inactivity Fees:

  • Oqtima may charge an inactivity fee if an account remains inactive for a prolonged period.

  • The purpose of this fee is to discourage dormant accounts and manage resources efficiently.

  • The inactivity fee amount and timeframe are specified in Oqtima's terms and conditions.

  1. Account Maintenance Fees:

  • Oqtima may charge a monthly account maintenance fee on some account types.

  • This fee covers the cost of maintaining the account and providing access to the trading platform and services.

  • The account maintenance fee amount is typically specified in the chosen account type description.

Transparency and Understanding:

  • Oqtima strives for transparency by providing a comprehensive fee schedule on their website.

  • This allows traders to access detailed information about all applicable fees and make informed decisions about their trading activities.

  • Understanding the complete fee structure is crucial for managing trading costs and optimizing profitability.

Minimizing Fees:

  • By choosing the appropriate account type and utilizing deposit/withdrawal methods with lower or no fees, traders can minimize their overall costs.

  • Managing trade positions effectively and avoiding unnecessary overnight holdings can also reduce the impact of swap fees.

Overall, understanding Oqtima's fee structure is essential for responsible trading and maximizing profitability. By being aware of all applicable fees and making informed decisions, traders can optimize their trading experience and achieve their financial goals.

Trading Platform

Oqtima empowers its clients with access to two powerful and widely recognized trading platforms: MT4 (MetaTrader 4) and cTrader. Each platform offers a unique set of features and functionalities catering to different trading preferences and skill levels.

  1. MT4 - A Familiar and User-Friendly Choice:

MT4 is a highly popular trading platform renowned for its user-friendly interface, extensive customization options, and vast library of technical indicators and trading tools. Its intuitive design makes it ideal for beginners and seasoned traders alike. Key features include:

  • User-friendly interface with customizable charts and layouts.

  • Wide range of technical indicators and drawing tools for advanced analysis.

  • Extensive selection of Expert Advisors (EAs) for automated trading.

  • Backtesting capabilities to test trading strategies and optimize performance.

  • Mobile app for trading on the go.

  1. cTrader - A Powerful Platform for Advanced Traders:

cTrader caters to experienced traders seeking a powerful and feature-rich platform. Its advanced functionalities and intuitive design provide a dynamic trading experience. Key features include:

  • Fast and responsive order execution with advanced order types.

  • Depth of market (DOM) for precise market analysis and order placement.

  • Advanced charting tools with multiple timeframes and chart types.

  • One-click trading functionality for quick and efficient execution.

  • Market sentiment analysis tools to gauge market trends.

Choosing the Right Platform:

Oqtima's dual platform offering allows traders to choose the platform that best suits their experience level and trading style. Consider the following factors when making your choice:

  • Trading experience: If you are a beginner, MT4's user-friendly interface and extensive educational resources might be more suitable.

  • Trading style: If you prefer automated trading or backtesting strategies, MT4's library of EAs and backtesting capabilities might be more beneficial.

  • Desired features: If you require advanced order types, DOM, and market sentiment analysis tools, cTrader might be a better choice.

By offering both MT4 and cTrader, Oqtima equips its clients with the tools and resources needed to navigate the financial markets with confidence and achieve their trading goals.

trading-platform

Deposit & Withdrawal

Oqtima prioritizes seamless and secure transactions for its clients, offering various convenient deposit and withdrawal methods. Here's a detailed overview:

Supported Platforms:

  • MT4 (MetaTrader 4): A popular, user-friendly platform for managing deposits and withdrawals.

  • cTrader: An advanced platform with deposit and withdrawal functionalities.

Deposit Methods:

  • Bank Transfer: A secure and reliable method for larger amounts, but processing time varies across banks (1-3 business days).

  • Credit/Debit Cards: Instant deposits with transaction fees.

  • E-wallets: Fast and easy deposits through popular options like Neteller, Skrill, and WebMoney (fees may apply).

  • Cryptocurrency: Bitcoin and Ethereum deposits cater to tech-savvy traders.

  • Local Payment Systems: Region-specific options like AliPay and UnionPay offer additional flexibility.

Minimum Deposit:

  • ECN+ Account: $5,000

  • ONE Account: $100

Withdrawal Methods:

  • Bank Transfer: Secure for large withdrawals, but processing time varies depending on the bank.

  • Credit/Debit Cards: Withdrawals are processed to the card used for deposit, with variable processing times.

  • E-wallets: Convenient and fast withdrawal option (fees may apply).

  • Cryptocurrency: Bitcoin and Ethereum withdrawals are available.

Fees:

  • Oqtima may charge fees for certain deposit and withdrawal methods. Refer to the fee schedule for specific details.

  • Minimum withdrawal amounts may apply.

Processing Time:

  • Deposits are typically instant, except for bank transfers which may take 1-3 business days.

  • Withdrawals are processed within 24 hours, but may take longer for large amounts or verification purposes.

Security:

  • Oqtima utilizes secure payment gateways and industry-standard security measures to protect client funds and personal information.

  • All transactions are encrypted and processed through reputable financial institutions.

Additional Information:

  • Oqtima may request additional verification documents for large withdrawal requests.

  • Currency conversion fees may apply for deposits and withdrawals involving different currencies.

Oqtima's diverse and secure deposit and withdrawal options ensure convenient and reliable access to funds for all its clients. The user-friendly platforms and flexible processing times further enhance the trading experience.

deposit-withdrawal

Trading Tools

Oqtima equips its clients with a comprehensive suite of trading tools designed to enhance their market analysis, strategize effectively, and optimize their trading decisions. Here's a closer look:

  1. Trading Calendar:

  • Stay ahead of market events by accessing a comprehensive calendar detailing upcoming economic data releases, central bank meetings, and other market-moving events.

  • Filter events by currency, impact level, and other criteria for customized tracking.

  • Prepare for potential market volatility and adjust your trading strategies accordingly.

  1. Featured Ideas:

  • Gain valuable insights from professional analysts and experienced traders.

  • Access daily and weekly market outlooks, technical analysis reports, and actionable trading ideas.

  • Leverage expert insights to identify potential trading opportunities and refine your own analytical skills.

  1. Market Buzz:

  • Stay informed about the latest market developments and trends with real-time news feeds and market commentary.

  • Access a consolidated view of news from various sources, social media trends, and market sentiment indicators.

  • Make informed decisions based on current market sentiment and react quickly to emerging opportunities.

  1. Alpha Generation:

  • Generate customized trading signals based on your preferred technical indicators and trading strategies.

  • Identify potential entry and exit points with greater precision and confidence.

  • Backtest and refine your trading strategies using historical data to optimize performance.

  1. Advanced Charting Tools:

  • Analyze market movements through a variety of interactive charts with multiple timeframes, indicators, and drawing tools.

  • Identify trends, patterns, and potential support and resistance levels for informed trading decisions.

  • Customize chart layouts and settings to suit your individual analysis preferences.

By providing these comprehensive trading tools, Oqtima empowers its clients to make informed trading decisions, capitalize on market opportunities, and achieve their financial goals.

Overall, Oqtima's robust trading toolset empowers its clients to navigate the financial markets with confidence, make informed decisions, and optimize their trading performance.

Customer Support

Oqtima prioritizes client satisfaction and provides a dedicated and multi-channel customer support system to ensure all queries and concerns are addressed promptly and efficiently. Here's an overview of the available contact options:

  1. Live Chat:

  • Connect with a live support representative instantly for immediate assistance with any trading-related inquiries.

  • Receive real-time solutions and guidance tailored to your specific needs.

  1. Email Support:

  • Email Address:support@oqtima.com

  • Submit detailed questions or concerns via email for thorough review and response by the Oqtima support team.

  • Expect a comprehensive and personalized response within 24 hours.

  1. Phone Support:

  • Phone Number:+44 2045867126,+248 4632034

  • Speak directly with a knowledgeable and professional support representative for personalized assistance.

  • Receive immediate answers to your questions and resolve any issues efficiently.

  1. Online Ticket System:

  • Submit a support ticket for non-urgent inquiries or detailed feedback.

  • Track the status of your request and receive updates via email.

  1. Extensive FAQ Section:

  • Link:https://oqtima.com/faq/

  • Access a comprehensive library of frequently asked questions and detailed answers covering various topics related to trading, accounts, platforms, and more.

Additional Information:

  • Oqtima's customer support team is available 24/5, ensuring prompt assistance regardless of your location or time zone.

  • Multilingual support is offered to cater to clients from diverse backgrounds and language preferences.

  • Oqtima actively seeks feedback and suggestions to continuously improve its customer support services.

By offering a comprehensive and accessible customer support system, Oqtima ensures its clients have the necessary resources and assistance to navigate the trading environment confidently and resolve any issues efficiently.

Educational Resources

Oqtima recognizes the importance of empowering its clients with knowledge and resources to achieve their trading goals. That's why it offers a comprehensive suite of educational resources designed to cater to various learning styles and experience levels:

  1. Beginner-Friendly Tutorials:

  • Get started with trading through step-by-step guides covering account opening, platform navigation, order placement, and fundamental trading concepts.

  • Learn about different market instruments, technical analysis, risk management strategies, and trading psychology.

  1. In-Depth Articles and E-books:

  • Access a wealth of informative articles and e-books covering various trading topics, from advanced technical analysis techniques to market-specific insights and global economic analysis.

  • Deepen your understanding of complex concepts and broaden your financial knowledge.

  1. Video Tutorials and Webinars:

  • Engage with interactive video tutorials and webinars led by experienced traders and market analysts.

  • Learn through visual demonstrations, live Q&A sessions, and expert insights on various trading strategies and market trends.

  1. Interactive Glossary and Terminology:

  • Unfamiliar with trading jargon? Oqtima's comprehensive glossary provides clear definitions and explanations of common trading terms.

  • Enhance your understanding of financial concepts and communicate effectively with other market participants.

  1. Market Commentary and Analysis:

  • Stay informed with daily and weekly market updates, technical analysis reports, and insightful commentary from Oqtima's team of experts.

  • Gain valuable perspectives and insights to inform your trading decisions and stay ahead of market trends.

Additionally, Oqtima offers:

  • Free demo accounts: Practice trading strategies and explore the platforms in a risk-free environment.

  • Trading contests and seminars: Participate in interactive events to gain practical experience and learn from other traders.

  • Dedicated educational portal: A central hub for all educational resources, categorized by topic and difficulty level for easy access.

Oqtima's commitment to education empowers its clients to become confident and informed traders, capable of navigating the complexities of the financial markets and achieving their financial goals.

Conclusion

Oqtima presents itself as a well-rounded broker with strong points in several key areas. Its dual regulation by CySEC and Seychelles FSA provides a reassuring layer of security for traders. The diverse selection of market instruments caters to a wide range of trading preferences, while the availability of both MT4 and cTrader platforms offers flexibility and choice. Furthermore, Oqtima's commitment to education is commendable, providing a comprehensive suite of resources to empower traders at all levels.

However, Oqtima's strengths come with a few caveats. The higher minimum deposit for the ECN+ account and the commission charged on all trades may deter some traders. Additionally, the spreads can be wider than some competitors, and potential deposit and withdrawal fees add to the cost considerations.

Ultimately, Oqtima's suitability depends on individual priorities. For traders valuing regulation, education, and diverse options, Oqtima offers a compelling choice. However, those seeking lower costs and tighter spreads might find better alternatives.

FAQs

Q: Is Oqtima a safe and reliable broker?

A: Yes, Oqtima is a regulated broker with licenses from both CySEC and the Seychelles FSA. These regulatory bodies enforce strict rules and safeguards to protect client funds and ensure fair trading practices.

Q: What types of trading accounts does Oqtima offer?

A: Oqtima offers two main account types: ECN+ and ONE. The ECN+ account is designed for experienced traders and offers tighter spreads and higher leverage, but charges a commission on trades. The ONE account is suitable for beginners and offers lower minimum deposits and no commissions, but has wider spreads.

Q: What trading platforms does Oqtima offer?

A: Oqtima offers the popular MT4 (MetaTrader 4) and cTrader platforms. MT4 is user-friendly and ideal for beginners, while cTrader is more advanced and suitable for experienced traders.

Q: What educational resources does Oqtima offer?

A: Oqtima offers a comprehensive suite of educational resources, including beginner-friendly tutorials, in-depth articles and e-books, video tutorials and webinars, an interactive glossary and terminology, and market commentary and analysis.

Q: What types of market instruments can I trade with Oqtima?

A: Oqtima offers a diverse range of market instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.

Q: What are the minimum deposit requirements for Oqtima accounts?

A: The minimum deposit requirement for the ECN+ account is $5,000, while the minimum deposit for the ONE account is $100.

Q: What are the spreads like at Oqtima?

A: Spreads at Oqtima start from 0.0 pips for both account types. However, the actual spreads may vary depending on the market conditions and the chosen instrument.

Q: Does Oqtima charge any commissions?

A: Oqtima charges a $3.50 per side commission on all ECN+ account trades. The ONE account does not charge any commissions.

Q: What deposit methods does Oqtima offer?

A: Oqtima accepts a variety of deposit methods, including bank transfers, credit/debit cards, e-wallets (Neteller, Skrill, WebMoney), and cryptocurrency (Bitcoin, Ethereum).

Q: What withdrawal methods does Oqtima offer?

A: Oqtima offers the same withdrawal methods as deposit methods, with the exception of local payment systems.

Q: Are there any fees for deposits and withdrawals?

A: Oqtima may charge fees for certain deposit and withdrawal methods. Please refer to the fee schedule for specific details.

Q: How long does it take to process deposits and withdrawals?

A: Deposits are typically processed instantly, except for bank transfers which may take 1-3 business days. Withdrawals are typically processed within 24 hours, but may take longer for large amounts or verification purposes.

News

The Most Complained Brokers in Pakistan in February 2024

ExposureThe Most Complained Brokers in Pakistan in February 2024

2024-03-04 17:59

In Pakistan, several brokers faced complaints in February 2024, raising concerns about their practices and reliability. This article focuses on the most complained brokers during that month, as reported by WikiFX.

WikiFX
2024-03-04 17:59
Exposure
The Most Complained Brokers in Pakistan in February 2024

User Reviews

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Yooper
more than one year
As a fresh member of the OQtima trading community, I must say, it’s been a smooth ride so far. The customer service is spot-on and hasn't disappointed yet. Any hitches in execution? None that I've noticed. And their competitive spreads offer a great edge. Special shout-out to their swap-free account option, great stuff! A simple deposit process with plenty of options makes things even easier. So, if you're on the hunt for a decent broker - I'd say give OQtima a chance.
2024-04-19 11:33
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0
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Simon9745
0-3months
User-friendly interface and very low spreads, very happy overall.
2024-03-18 16:33
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0
0
Fuadwjd
more than one year
I've used Oqtima as a trading platform, and I have to say, it's been a frustrating experience. They don't pay withdrawal fees, and when you ask about it, they come up with all sorts of excuses, even resorting to rude behavior from their account managers. Don't trust them. They're quick to accept deposits but extremely slow when it comes to paying out withdrawals. If you're willing to wait weeks or even longer to get your money, then wasting your time with Oqtima is the worst choice when it comes to withdrawal payments.
2024-03-10 23:18
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0
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Che Am
0-3months
Best broker for trader and highly recommended
2024-03-10 09:11
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0
0
selfcountry
more than one year
I've known about Oqtima for over a year through online ads. However, I've hesitated to invest due to their overly colorful website, which strains my eyes. The absence of user reviews makes me cautious. A more user-friendly website and transparent user feedback would instill more confidence for potential investors like me.
2023-12-15 18:47
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0
Michael036
6-12months
I have opened an account with them few months now , trading conditions are fair enough and no issues with requotes or delays until now. Their spreads are quite good as well especially for the ECN account type
2023-09-14 16:11
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0
0
FX1307322270
more than one year
I've seen ads for this company online before, but I think their website is too colorful and makes my eyes tired. Also I didn't see many user reviews, which made me afraid to invest here.
2023-03-03 16:31
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0
0
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